Hey friend,
We got some manufacturing and services data this morning – both of which came in ahead of expectations.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed mixed yesterday, with the S&P 500 and the Nasdaq dipping slightly, but the Dow and the Russell rising a little. But they opened broadly lower this morning – sending the short-term directions for the S&P 500 and Nasdaq into downward territory.
The Daily Nugget
The noisier the environment, the more reward in the signal.
Will the Fed raise rates in July?
Is the semiconductor trade about to collapse?
Have we reached a market top?
What is the true state of the economy?
Can the Iran peace deal really last?
That’s just some of the noise that’s bombarding every trader out there right now.
We can see this reflected in the choppy price action…
As well as just how bearish the retail crowd has become.
But the noisier the environment, the more reward there is in the signal.
And that means if you can lock on to the signal in this noisy month…
You’ll be able to come out far ahead of the crowd.
That’s why every skilled trader actually loves choppy markets…
Because it gives them more opportunities to profit.
So be very skeptical of what you read in the news…
Keep listening to what Ross has to say about the market…
And let him guide you the opportunities that this volatility presents.
The Traders Agency Team
